Summary - Flat 7 39-40 Baxter Gate LE11 1TQ
10 bed 9 bath Block of Apartments
Fully tenanted, immediate income with potential for professional management.
Freehold block in central Loughborough, close to university
A ready-made, income-producing freehold block in central Loughborough, offered with long-standing tenants and immediate rental income. The portfolio comprises mostly one-bedroom flats and a two-bedroom unit, producing around £83,664 pa (gross) with an indicated gross yield of 7.61% and net yield of 6.53%. Running costs noted include cleaning, Wi‑Fi, fire alarm testing, communal electricity supply and building insurance.
The location is highly convenient — city-centre amenities, transport links and proximity to the university underpin strong tenant demand and frequent relets. Apartments are described as well presented and modern in style, with large windows and compact, efficient layouts including an attic unit with skylight.
Buyers should note material local and building-level considerations. The area is classified as very deprived with very high crime levels, and the property uses electric room heaters and landlord-supplied electricity, which can mean higher operating and energy costs. The overall reported internal area is small (345 sq ft total) relative to nominal room count, so confirm unit sizes and income assumptions during due diligence.
This asset suits an investor seeking an established, let asset with immediate cashflow and potential for professional management or targeted upgrades. Verify tenant agreements, servicing costs and building condition (electrics, fire safety, heating) before purchase to confirm returns and any near-term capital expenditure needs.
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